Controlled Release Fertilizers Market Size and Growth Rate:

“The Global Controlled Release Fertilizers Market is expected to reach US$ 2,610.2 Mn by 2025 owing to growing demands for the grains & cereals among the consumers”

Controlled Release Fertilizers Market Growth Drivers and Restraints:

The global controlled release fertilizers market is expected to reach US$ 2,610.2 Mn by 2025. Controlled release fertilizers are modified fertilizers that are coated to offer the long-lasting effect on soil. These are granulated fertilizers which progressively releases nutrients and minerals into the soil. Growing demand for high-efficiency fertilizers, reduction farmland and land efficiency, and the ecofriendly operative mode of these fertilizers are the major factors streaming the demand for global controlled release fertilizers market. The steady upsurge in global population, growing demand for the productivity of crops is accelerating the growth of global controlled release fertilizers market. Favorable government policies and regulations are one of the crucial factors driving and promoting the manufacturing of controlled release fertilizers. Controlled release fertilizers are majorly used in the farming of pulses, cereals, grains, fruits and vegetable and oilseeds. Controlled release fertilizers can also be used for production of ornamental and turf plants. Many of the farmers use controlled release fertilizers in grains and cereals crops. According to the report of Food and Agriculture Organization, in the year 2013, the arable land ratio has dropped to 0.197 hectares/person across the world. On the other hand, stringent regulatory policies and environmental concerns for some coated products and high manufacturing costs detain the growth of market. Additionally, high manufacturing costs, inappropriate application methods and storage techniques can weaken the results anticipated from these fertilizers.

Cereals & Grains Dominate the Global Controlled Release Fertilizers Market

Based on the application, global controlled release fertilizers market is segmented into fruits & vegetables, cereals & grains, oilseeds & pulses. Cereals & grains dominated the global controlled release fertilizers market due to the growing demand for the cereals & grains to feed the continuously growing population. Moreover, progress in request for high valued crops across the world and extremely well-organized agricultural inputs that are being implemented by the farmers for their cultivation are also surging the growth of global controlled release fertilizers market. Additionally, controlled-release fertilizer is one such product which has been noticeably used by farmers for cereals & grain cultivation in Asia Pacific and European countries.

North America Leads the Global Controlled Release Fertilizers Market

PBI’s global controlled release fertilizers market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America dominated the global controlled release fertilizers market through 2014-2018 and expected to dominate over 2019-2025 due to the adoption of refined agricultural technologies. Additionally, there progressive interest towards novel cultivation technologies in the production of cereals and grains are also aiding in the growth of controlled release fertilizers market in the region. Europe is the largest producer of fruits and vegetables; hence, it is expected to witness vigorous growth in controlled release fertilizers market. Asia-Pacific region is anticipated to be fastest-growing market owing to their scarcity of productive land in some countries, particularly in developing countries such as India, China. Furthermore, upsurge in consciousness about environmental welfare linked with these fertilizers is also heightening the growth of controlled release fertilizers market in APAC region.
Launch of newer products, and strategic alliances are the key strategies adopted by market players

Global controlled release fertilizers market further reveals that the key player’s increasingly adopting strategies such as launch of newer products, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.

 For instance, in March 2018, U-COAT S.p.A. launched a biodegradable controlled released fertilizer for the soil. The innovation was developed by Bio-on with PHAs bioplastics, so it is 100% natural and biodegradable. The advantage is more effective dosage and lower fertiliser consumption.

Key player’s profiles in the report are Kingenta Ecological Engineering Group Co. Ltd. (China), EuroChem Agro Gmbh (Germany), Yara International ASA (Norway), Haifa Chemicals Ltd. (Israel), Agrium, Inc. (Canada), The Chisso Corporation (Japan), The Scotts Miracle-Gro Company (Ohio) Nufarm Ltd. (Australia), U-COAT S.p.A (Italy), and Israel Chemicals Ltd. (Israel).

Detailed Segmentation of Controlled Release Fertilizers Market:

By Product Type
• Polymer coated NPK fertilizer
• Polymer sulfur coated urea/sulfur coated urea
• Polymer coated urea

By Application
• Fruits & vegetables
• Cereals & Grains
• Oilseeds & Pulses

Geography

o North America
o Europe
o Asia Pacific
o Latin America
o Middle East and Africa (MEA)
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